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Exam C2010-555 All Questions

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Exam C2010-555 topic 1 question 65 discussion

Actual exam question from IBM's C2010-555
Question #: 65
Topic #: 1
[All C2010-555 Questions]

A company has acquired a contract for an asset covering labor, materials and tools.
What must be created to capture this information?

  • A. A Master Contract
  • B. A Warranty Contract
  • C. A Purchase Contract
  • D. A Labor Rate Contract
Show Suggested Answer Hide Answer
Suggested Answer: A 🗳️
References:
http://www.ibm.com/support/knowledgecenter/SSLKT6_7.5.0/com.ibm.mam.doc/mods_apps/c_ctr_mam_mod_contracts.html

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mcgweeezy
3 years, 10 months ago
It's B, Warranty Contract. Master contract is incorrect because it just combines multiple contract records. https://www.ibm.com/support/pages/distinguishing-contract-types-maximo
upvoted 2 times
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marcoagb
4 years, 5 months ago
https://www.ibm.com/support/knowledgecenter/SSBLW8/com.ibm.mam.doc/mods_apps/c_ctr_mam_mod_contracts.html
upvoted 1 times
Lavoisier
4 years, 2 months ago
The above link is not longer online... https://www.ibm.com/support/knowledgecenter/search/master%20contracts?scope=SSLKT6_7.6.1.2
upvoted 1 times
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marcoagb
4 years, 5 months ago
Master contract A way to associate many contract types together for the same vendor and define terms and conditions for the relationship with the vendor. A master contract lists all contracts that you have with a particular vendor. For example, a master contract might list rental contracts for tools or equipment, purchase contracts for materials, a labor rate contract, and a warranty on parts and labor. Master contracts are created in the Master Contracts application.
upvoted 5 times
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